The key players of the Global Ethylene Glycol Market include Eastman (North America), Shell Chemicals (Russia), Nan Ya Plastics (Asia-Pacific), Reliance (Asia-Pacific), and Sinopec (Asia-Pacific).
(PRWEB) April 30, 2015
The global ethylene glycol market is estimated to reach $46,757.2 million by the year 2019.
Browse through the TOC of Global ethylene glycol market for an analysis of industry trends and segments, with the help of various tables and figures.
The global ethylene glycol market is significantly penetrating its end-use industries. Ethylene glycols have different characteristics as per their manufacturing and application requirement in end products. The Asia-Pacific region is expected to dominate this market with its growing demand for ethylene glycol in different applications, especially in the polyester fibers and PET resin industries. The Asia-Pacific and North American markets are estimated to show rising growth in the next five years with allied industries expected to stabilize the overall business need in the respective regions.
Expansions and new-product developments are a key part of this market. Manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of ethylene glycol to match new demand coming from various end-user industries.
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The most valued applications in the ethylene glycol market are polyester fibers, widely used in textile industries; PET resins, used for packaging of liquids and beverages in bottles; and automotive antifreeze, used in automobiles. The ethylene glycol demand, in terms of value and volume, depicts the current and future projection according to the parallel economic and industrial outlook. This analysis covers important developments, expansions, agreements, and mergers & acquisitions of leading global companies.
The global ethylene glycol market was valued at $33,109.2 million in 2014, and is estimated to reach $46,757.2 million by 2019, growing at a CAGR of 7.1% from 2014 to 2019. The high demand across the industries for polyester fiber, PET resin, and automotive antifreeze will increase the overall ethylene glycol consumption.
North America Ethylene Glycol Market
North America can be segmented by Applications, Ingredients and Companies. Applications of this market are Polyester, Polyester Fibers, Polyethylene Terephthalate (PET) and Transportation (I). Ingredients of this market are Ethylene Oxide.
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